Tether, the crypto firm known for its USDT stablecoin, has amassed a gold reserve totaling $23 billion, positioning it among the top 30 global gold holders and surpassing several nations, according to a report by Jefferies. The firm added 32 tonnes of gold in recent months, trailing only Poland and Brazil in central bank terms for quarterly purchases. Tether’s accumulation efforts align with its strategy to allocate 10%-15% of its portfolio to physical gold, a move reinforced by strong retail interest in its gold-backed token in emerging markets, particularly during a period of record-high gold prices and increased demand from investors seeking alternatives to the U.S. dollar.
Tether ranks among top gold holders, surpasses several nations in bullion reserves
